A message from the President & Chief Executive Officer MATT’S MESSAGE
Dear Valent Team,
We have finished the 1 half of the fiscal year, and I am pleased with our progress and performance. All four corporate goals are tracking to plan with outstanding work going into our new product launches and advancing our culture of safety and compliance. st
The sales revenue is lagging our LBE (latest best estimate) due to timing of shipments but expected to catch up in Q3 as new production is available to fulfill open orders and customer commitments. You have done an excellent job of managing expenses and cash flow resulting in a solid P&L and strong balance sheet. The 2 half of the year will require outstanding execution of our business plan. We will continue to focus on the growth of the premium brands while defending our share of the legacy products. This balanced approach will optimize the profitability for Valent and our customers in an incredibly challenging ag economy. nd While the commercial team is leading the way with customer focus and demand creation, our technology and asset management teams must continue to advance the innovations of our pipeline and product life cycle management projects. These new technologies are critical to our value proposition to the industry and our future growth in North America.
I want to express my appreciation to the entire Valent team for your commitment and effort in fiscal year 2025. Your attention to detail and your sense of urgency will lead us to a strong finish!
Sincerely,
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